Italy increased steel production by 5.9% m/m in February

Rome: Italian steelmakers increased steel production by 5.9% in February 2025 compared to the previous month, to 1.8 million tons. The figure decreased by 0.8% compared to the same month in 2024. This is evidenced by data from the industry association Federacciai, Kallanish reports.

In the first two months of the year, steel production by Italian steelmakers increased by 1.2% compared to January-February 2024, to 3.5 million tons.

Flat production in February increased by 14.3% y/y and 0.6% m/m to 785 thousand tons, and by 6.1% y/y – to 1.5 million tons in January-February. Long products output fell by 6% y/y but increased by 16% m/m to 1 million tons. In January-February, production of long products decreased by 2.3% y/y – to 1.9 million tons.

As GMK Center reported earlier, in 2024, Italy decreased steel production by 5% compared to 2023, to 20 million tons. In December 2024, Italian steelmakers reduced steel production by 8.8% compared to December 2023 and by 33.4% – to 1.199 million tons compared to the previous month.

Long products production for the year amounted to 11.7 million tonnes, down 0.2% compared to 2023, and flat production amounted to 8.6 million tonnes (-9.7% y/y). Thus, long products output experienced only a slight decline, supported by increased construction activity. At the same time, the weakness of the automotive sector and industry, as well as high volumes of competitive imports, had a negative impact on flat products.

Overall, steel production in the European Union increased by 2.6% in 2024 compared to 2023 to 129.5 million tons. Global steel production for the year amounted to 1.84 billion tons, down 0.9% year-on-year.